RSM Australia

Tax insights

Chevron Australia’s transfer pricing fight to go (at least) another round

22 May 2017
Craig Cooper
Chevron Australia has lodged the necessary paperwork with the Australian High Court registry, to apply for special leave to appeal against the Full Federal Court’s decision, in the long running and ground breaking transfer pricing litigation. The special leave application was lodged on Friday 19 May 2017, the last day possible.
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2017/18 Federal Budget - Analysis

19 May 2017
Andrew Sykes
In case you missed the LIVE coverage from Hotel Realm last Wednesday evening, Andrew Sykes from RSM Australia dissects "The Rocky Horror Budget". It was just a jump to the left for Malcolm Turnbull, but still a step to the right with continued attacks on public service pay growth and decentralisation.
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ATO releases draft transfer pricing guidance on international related party financing arrangements

17 May 2017
Craig Cooper, Simon Salpigtidis
On 16 May 2017, the Australian Taxation Office (ATO) issued in draft form a Practical Compliance Guideline (PCG 2017/D4) outlining its proposed compliance approach to the transfer pricing implications arising from cross border ‘related party financing arrangements’ (RPFAs). 
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Federal Budget brings relief for some doctors

16 May 2017
Peter Nicol
The government was keen to assure Australians that there will be better certainty when it comes to health funding, with the Budget seeing a $10 billion allocation re-invested over four years into the health care system.
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Australian GST: low value threshold (LVT) changes a step closer

12 May 2017
Craig Cooper, Tony Ince
With a low value threshold (LVT) set at AUD$1,000, Australia has been very much at the ‘generous’ end of the global spectrum of GST-free imported goods, to the benefit of Australian consumers and the chagrin of Australian retailers.
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The arguments and the Court's decision

3 May 2017
Simon Salpigtidis
Australia wins gold in the international transfer pricing games The Commissioner’s arguments The Commissioner made determinations under both Division 13 and Subdivision 815-A, totalling approximately A$340m, based on his view that:
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Detailed discussion of the facts

3 May 2017
Simon Salpigtidis
Australia wins gold in the international transfer pricing games The facts
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Australia wins gold in the international transfer pricing games

2 May 2017
Simon Salpigtidis
Australia has shot to international prominence in the transfer pricing world following the Full Federal Court’s recent decision, dismissing the taxpayer’s appeal against the first instance decision in favour of the Australian Tax Office (ATO): Chevron Australia Holdings Pty Ltd v Commissioner of Taxation [2017] FCAFC 62
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Government announces changes to 457 visa

19 April 2017
Jane Wood
Temporary Employer Skilled Migration Programme – 457 visa to be replaced
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Fringe Benefits Tax Spotlight

18 April 2017
Rami Brass
Customer Loyalty Programs Do you provide employees with a business credit card associated with a customer loyalty program?  Are employees able to convert loyalty points accumulated in connection with the business credit card to rewards (e.g. goods, personal flights, holiday accommodation etc.)? 
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